-- We can finally tell you how much power the 2014 Corvette will have.

-- And Volkswagen is rolling out an SUV concept at the Detroit auto show.

I'm Greg Migliore. This is Autoweek TV.

We're going to jump right in with big news from Europe. General Motors and Peugeot will deepen their alliance as they try to prop up their struggling European operations. The industrial giants will work together on range of projects, including vans, crossovers, small cars and mid-size sedans.

The collaboration will result in a variety of Peugeot, Citroen and Opel vehicles. It's worth noting GM has been heavily reliant on Opel for much of its North American engineering, including Buick platforms.

The 2014 Chevy Corvette will pump out at least 450 hp and 450 lb-ft from its next-generation 6.2-liter V8. That's the base engine, and it will propel the sports car to 60 mph in less than four seconds.

For all of the details about the new direct injection, cylinder deactivation and other technologies, head to autoweek.com for the in-depth report.